India, May 2 -- Vedantas Chairman, Anil Agarwal, announced on Wednesday that the company plans to invest $20 billion in India across its various businesses within the next four years, media reports said.

Agarwal made this declaration during the Nand Ghar event, a social initiative organized by the philanthropic division of the mining conglomerate, reported Moneycontrol.

The investment is motivated by the companys confidence in the rising commodity prices to drive growth.

Growth in India is tremendous... its a double digit growth and there is a huge consumption activity. People are interested to invest in India and post the elections we would see recognition to entrepreneurships, which is very important, Agarwal was quoted as saying by ...